Arbetsrapport, Institutet för Framtidsstudier - Institute for Futures Studies
Continued Work or Retirement? Preferred Exit-age in Western European countries?
Abstract: The combination of greying populations, decreasing
fertility rates and a marked trend in falling retirement age is profoundly
challenging the sharing of resources and supporting responsibilities
between generations in the developed world. Previous studies on earlier
exit-trends have focused mainly on supply-side incentives and generally
conclude that people will exit given available retirement options.
Substantial cross-national variations in exit-ages however remain
unexplained. This suggests that also normative factors such as attitudes to
work and retirement might be of importance. Through multi-level analyses,
this study evaluates how welfare regime generosity, as well as production
regime coordination explains cross-national patterns of retirement
preferences across twelve Western European countries. Analysis firstly
shows how both men and women on average prefer to retire at 58 years,
meaning on average approximately 7 or 5.5 years before statutory retirement
age in the case of men and women respectively. Contrary to what is expected
from previous research on supply-side factors, preferences for relatively
later retirement is found within more generous welfare regimens and also
within more extensively coordinated production regimes. For women, however,
institutional effects do not remain once substantial cross-national
differences in women's statutory retirement ages are taken into account.
Keywords: Continued Work; Retirement; (follow links to similar papers)
JEL-Codes: J26; (follow links to similar papers)
50 pages, June 2005
ISSN 1652-120X ISBN 91-89655-67-2
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